"Alexander Hall has 14 years of experience relevant to fraud and fraud prevention. A reformed high-level fraudster, Alexander entered the ranks of fraud prevention in 2017. His fraud prevention strategies have been successfully applied to over $1b in merchant transactions, resulting in millions of dollars of mitigated losses. In 2020, Alexander founded Dispute Defense Consulting and now works with fraud prevention solution providers around the globe to challenge, refine and expand their offerings. His unique insight and articles have earned him the title "Subject Matter Expert" by Card-Not-Present and were the foundation upon the newly developed "Think Like a Fraudster" Virtual Workshop Course.
October 26 2021
01 : 00 PM EST
Checklists are available on the dark web for fraudsters to reference when attempting to employ stolen payment information. But who authors those lists? Effective fraudsters employ a 3-step process to define a list of variables needed to defraud a company.The first step is to isolate the items required for checking out. Consider the difference between a restaurant selling their food and a bank offering lines..
November 17 2021
01 : 00 PM EST
By reverse-engineering Luhn’s Algorithm (MOD10 / MODULUS10), fraudsters are able to pull value from used cards and generate new cards that can be used for checkouts. Luhn’s Algorithm has been around for decades and was initially introduced as a security measure to ensure that credit cards could not be predicted. By learning this formula and taking note of systems with lax checkout requirements, fraudsters a..